Wednesday, January 21, 2015

GBP's Weakened again today

 GBP/JPY  Daily
14::15 GMT - GBP's Weakened again today from short of 181 : market     remains held off the Nov-Dec top, filling out the wide end-Oct rally  range. We'd lean lower from here for range extension into 174.62, and a general decline into 172.00/ the 2014 range pivot. [NR]
R5: 188.15-55   9-Dec sell accel
R4: 187.75 * 29-Dec high
R3: 187.30 * 2-Jan high
R2: 181.05  early Nov-13 lows
R1: 180.92 * 8, 9-Jan highs
S1: 175.75 * 16-Jan low
S2: 175.00~   Jan & Jul tops
S3: 174.62 * 31-Oct low
S4: 172.00 * 2014 high volm
S5: 171.02   22-Oct low